Dec 6, 2012 7:00pm EST
not believe -- you can say the same thing for the obama white house -- they think america's undertaxed and the tax rates can go dramatically higher despite these examples in europe without it hurting economic growth. i think they are completely wrong. i think you can draw just the opposite conclusion of what's going on in europe. but apparently we're going down that route anyway. >> isn't that why president obama wants to raise the tax rate? he raises the tax rate in order to spend. seems to me that taxing and spending is his mantra, just like the east european mantra and the california and new york -- why would you want to raise the tax rate $1.6 trillion if youp didn didn't want to spe? that's a big number. >> it is. jared bernstein was in "the new york times" complaining about the tax cutting in this country over the past 30 years. and jared says, we've gutted the tax code, we're just not getting enough revenue for all the spending we want. >> i would gut the tax code of all its special deductions and loopholes and whatnot and take the rate down to about 15%. i am a flat tax guy. wh
Dec 11, 2012 7:00pm EST
your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do you do with that knowledge? what if you come to the view that the president has created in the state of illinois which is a basket case today. it had a structural dev sif and the remedy was to raise taxes. and what happened? >> $7-8 billion in current unpaid bills more debt than any state in the union. >> no growth makes it worse. >> but look, this could be a deal to extend the so called tax cuts that i owon't like. but i say this to you. a $500 billion tax increase moving up towards the first quarter of this year will be a disaster for this country. i'm tracking that as you are saying them because it is so confusing. here is the knowledge and the certain ti that we have. there has -- what sales people end up staying in their positions for very long if they over sell a product? it doesn't work. president obama is overselling what the revenues will do. >> you can'